Bitcoin drops $500 in 15 minutes on Binance due to $60m in sells

09 Jul, 2019
Exchange
Bitcoin drops $500 in 15 minutes on Binance due to $60m in sells

Bitcoin saw a massive decline in price on Binance as the price dropped $500 in 15 minutes.

The 5% decline in price saw roughly $60 million in sells triggering a $500 decline in price down from $12,640 down to $12,076. 

The huge sell-off triggered  4,886 BTC in trading volume within a 15 minute period. However, following the huge price drop, traders took their chances and immediately brought back into Bitcoin with over 9,000 in BT trading volume preceding the sell-off.

BTC/USDT chart provided by Tradingview

Price is currently looking to recover back to bullish highs of $12,600 once again but appears to be struggling to break and hold $12,200 currently. 

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